Invertice: what changed
Two fiscal years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
Invertice
Largest movements
- Stocks and contracts +€154,371
up €154,371 (+27.6%), from €558,323 to €712,693
- Cash +€48,973
up €48,973 (+45.9%), from €106,606 to €155,579
mainly Net result for the year (+€116,323) and Receivables within one year (+€33,371)
- Receivables within one year -€33,371
down €33,371 (-39.9%), from €83,715 to €50,344
of which Other amounts receivable: -€35,433
- Tangible fixed assets -€19,915
down €19,915 (-5.8%), from €343,822 to €323,907
of which Land and buildings: -€20,389
- Reserves +€116,323
up €116,323 (+21.7%), from €537,265 to €653,588
of which Distributable reserves: +€653,588
- Tax, wage and social debts +€22,502
up €22,502 (+62.5%), from €36,026 to €58,528
- Gross operating margin +€101,527
up €101,527 (+102.7%), from €98,824 to €200,351
- Taxes +€33,488
up €33,488 (+135.1%), from €24,788 to €58,276
- Financial charges +€3,067
up €3,067, from -€2,292 to €776
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Cash bridge derived
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €1,092,567 | €1,242,523 | +€149,956 | +13.7% |
| Fixed assets | 21/28 | €343,822 | €323,907 | -€19,915 | -5.8% |
| Tangible fixed assets | 22/27 | €343,822 | €323,907 | -€19,915 | -5.8% |
| Land and buildings | 22 | €326,914 | €306,524 | -€20,389 | -6.2% |
| Plant, machinery and equipment | 23 | €14,963 | €12,421 | -€2,541 | -17.0% |
| Furniture and vehicles | 24 | €1,946 | €4,961 | +€3,016 | +155.0% |
| Current assets | 29/58 | €748,745 | €918,616 | +€169,871 | +22.7% |
| Stocks and contracts in progress | 3 | €558,323 | €712,693 | +€154,371 | +27.6% |
| Stocks | 30/36 | €558,323 | €712,693 | +€154,371 | +27.6% |
| Amounts receivable within one year | 40/41 | €83,715 | €50,344 | -€33,371 | -39.9% |
| Trade receivables | 40 | €64 | €2,126 | +€2,062 | +3221.9% |
| Other amounts receivable | 41 | €83,651 | €48,218 | -€35,433 | -42.4% |
| Cash at bank and in hand | 54/58 | €106,606 | €155,579 | +€48,973 | +45.9% |
| Deferred charges and accrued income | 490/1 | €101 | - | -€101 | |
| Total equity and liabilities | 10/49 | €1,092,567 | €1,242,523 | +€149,956 | +13.7% |
| Equity | 10/15 | €746,171 | €862,495 | +€116,323 | +15.6% |
| Contributions | 10/11 | €80,000 | €80,000 | = | 0.0% |
| Reserves | 13 | €537,265 | €653,588 | +€116,323 | +21.7% |
| Non-distributable reserves | 130/1 | €537,265 | - | -€537,265 | |
| Other | 1319 | €537,265 | - | -€537,265 | |
| Distributable reserves | 133 | - | €653,588 | +€653,588 | |
| Profit (loss) carried forward | 14 | €128,907 | €128,907 | = | 0.0% |
| Amounts payable | 17/49 | €346,396 | €380,028 | +€33,633 | +9.7% |
| Amounts payable within one year | 42/48 | €346,396 | €379,485 | +€33,089 | +9.6% |
| Trade debts | 44 | €1,242 | €1,016 | -€227 | -18.2% |
| Suppliers | 440/4 | €1,242 | €1,016 | -€227 | -18.2% |
| Taxes, remuneration and social security | 45 | €36,026 | €58,528 | +€22,502 | +62.5% |
| Taxes | 450/3 | €36,026 | €58,528 | +€22,502 | +62.5% |
| Other amounts payable | 47/48 | €309,127 | €319,941 | +€10,813 | +3.5% |
| Accrued charges and deferred income | 492/3 | €0 | €543 | +€543 | |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €23,494 | €24,459 | +€965 | +4.1% |
| Other operating charges | 640/8 | €1,193 | €520 | -€673 | -56.4% |
| Gross operating margin | 9900 | €98,824 | €200,351 | +€101,527 | +102.7% |
| Operating profit (loss) | 9901 | €74,138 | €175,373 | +€101,235 | +136.5% |
| Financial income | 75/76B | €433 | €2 | -€430 | -99.5% |
| Recurring financial income | 75 | €433 | €2 | -€430 | -99.5% |
| Financial charges | 65/66B | -€2,292 | €776 | +€3,067 | |
| Recurring financial charges | 65 | -€2,292 | €776 | +€3,067 | |
| Profit (loss) for the period before taxes | 9903 | €76,862 | €174,599 | +€97,737 | +127.2% |
| Income taxes | 67/77 | €24,788 | €58,276 | +€33,488 | +135.1% |
| Profit (loss) for the period | 9904 | €52,075 | €116,323 | +€64,249 | +123.4% |
| Profit (loss) for the period to be appropriated | 9905 | €52,075 | €116,323 | +€64,249 | +123.4% |
Source: filed annual accounts (NBB), fiscal years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 30 September 2026 via checked.be.